Advanced Energy Industries, Inc. (NASDAQ:AEIS) Receives $95.86 Average Target Price from Analysts

Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) has earned a consensus rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $95.86.

A number of research firms recently commented on AEIS. StockNews.com downgraded Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 28th. Benchmark lowered their price target on Advanced Energy Industries from $110.00 to $90.00 in a research note on Wednesday, November 2nd. Needham & Company LLC increased their price target on shares of Advanced Energy Industries from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. DA Davidson restated a “buy” rating on shares of Advanced Energy Industries in a report on Tuesday, January 3rd. Finally, Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and cut their target price for the stock from $100.00 to $95.00 in a report on Friday, November 4th.

Advanced Energy Industries Stock Down 0.5 %

Shares of NASDAQ:AEIS opened at $95.24 on Wednesday. The company has a 50 day moving average of $89.72 and a 200-day moving average of $86.11. Advanced Energy Industries has a one year low of $67.55 and a one year high of $98.07. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 18.39 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.73 and a quick ratio of 1.78.

Advanced Energy Industries (NASDAQ:AEISGet Rating) last released its earnings results on Tuesday, November 1st. The electronics maker reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.77. The firm had revenue of $516.27 million during the quarter, compared to analyst estimates of $444.45 million. Advanced Energy Industries had a net margin of 11.16% and a return on equity of 23.69%. On average, sell-side analysts forecast that Advanced Energy Industries will post 6.04 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 21st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend was Friday, November 18th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 7.72%.

Institutional Investors Weigh In On Advanced Energy Industries

Several institutional investors have recently added to or reduced their stakes in AEIS. CWM LLC raised its stake in shares of Advanced Energy Industries by 259.3% in the 3rd quarter. CWM LLC now owns 327 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 236 shares during the period. Wipfli Financial Advisors LLC bought a new position in shares of Advanced Energy Industries during the third quarter worth about $25,000. Pinebridge Investments L.P. lifted its stake in Advanced Energy Industries by 243.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 343 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 243 shares in the last quarter. Ellevest Inc. lifted its stake in Advanced Energy Industries by 467.6% in the 2nd quarter. Ellevest Inc. now owns 403 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 332 shares in the last quarter. Finally, Amundi acquired a new position in Advanced Energy Industries during the 2nd quarter worth approximately $31,000. 98.72% of the stock is owned by institutional investors.

About Advanced Energy Industries

(Get Rating)

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. It offers products used in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition, high and low voltage applications such as process control, analytical instrumentation, and medical equipment, and in temperature-critical thermal applications such as material and chemical processing.

Further Reading

Analyst Recommendations for Advanced Energy Industries (NASDAQ:AEIS)

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